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, and geographical locations and advantages. it is always is the gateway of the united states to china. as the economic and trade cooperation between china and the united states and california deepens, now we believe that trade and investment keeps growing. china is the third largest export destination for california. many multinationals like hp, intel, cisco, and chevron are doing well in china. they're making money in china. at the same time, as the close relationship is going on, many chinese companies are working in san francisco in california. i would like to name a few. the tsl, ciuts, just to name a few. these are successful chinese companies working here. as the american companies in china, the chinese companies working in california in san francisco are also making contributions to job creation and the development of the economy in local areas. we're thinking these are very good signs. as the previous speakers mentioned, we paid a visit to the united states last february. governor brown proposed that we set up a working group for the u.s., a state, and china provinces to coope
of the embassy of the people's republic of china and the united states, based in washington, d.c.. and charlotte schultz, mr. mike rossi, senior adviser on jobs for governor brown. also officials from the delegation. the director-general of the department of foreign investment and administration. mr. wong shi. and mr. -- the commercial counselor of the department of corporation. and the director-general of the investment promotion agency of the ministry of commerce in china. we have more. the chairman of the tschida chamber of commerce -- china chamber of commerce. and from the china contractors association. and the president of the foreign trade and economic relations commission. and the deputy director general, department of commerce of the inner mongolia, autonomous region. the director of economic and trade office of [unintelligible] province. i would like to mention that locally, we have a city council member from fremont, ms. sue chan and supervisor malia cohen is in the house. thank you for coming. i remember not long ago when vice-president -- the vice- president visited the united state
and defend the constitution of the united states and the constitution of the state of california against all enemies foreign and domestic, that i will bear true faith and allegiance to the constitution of the united states and the constitution of the state of california, that i take this obligation freely, without any mental reservation or purpose of evasion, and that i will well and faithfully discharge the duties upon which i am about to enter during such time as i hold the office of -- for the city and county of san francisco. congratulations. thank you very much. [applause] thank you, all. our class of commissioners for 2012. 14 commissions. thank you very much.
the constitution of the united states and the constitution of the state of california against all enemies foreign and domestic, that i will bear true faith and allegiance to the constitution of the united states and the constitution of the state of california, that i take this obligation freely, without any mental reservation or purpose of evasion, and that i will well and faithfully discharge the duties upon which i am about to enter during such time as i hold the office of -- for the city and county of san francisco. congratulations. thank you very much. [applause] thank you, all. our class of commissioners for 2012. 14 commissions. thank you very much. >> thank you and welcome everybody to today's announcement of my appointment to the city college board of trustees for san francisco. let me begin by thanking my good friend, someone who graduated from my alma mater, somebody who worked with for many years, he has been part of the elected city family for the city college for over a decade. of course, that is mr. marks. you want to give our condolences and certainly acknowledge milton's contribut
as president of the united states. and the relationship between these two leaders hasn't always been smooth. but tonight, bill clinton will step to the stage to do something that no former president has ever done. and a change of plans at the dnc. officials now working to shift the final day from here to here because of worries about the weather. >> you don't want to put people in danger. >> but storm the only reason for the move? but first from fox this wednesday night. an absolutely stunning moment here at the dnc. democrats over the last hour or so made a couple of changes to their party platform and it didn't go smoothly. critics have been going after the democrats for failing to refer to jerusalem as the capital of israel. and for not mentioning god anywhere in the platform. well, less than two hours ago, they attempted to change the platform to address the criticism. and watch what happened. >> is there any further discussion? hearing none, the matter requires a two thirds vote in the affirmative. all of those delegates in favor say aye. >> aye. >> all of those delegates opposed say n
. [. [cheers and applause] >> as we reelect president barack obama, president of the united states. [cheers and applause] democrats believe in reigniting the american dream by removing barriers to success and building ladders of opportunity for all. so that everyone can succeed. jobs are central to the american dream, and president obama focused on jobs from day one. [cheers and applause] under president obama, we have gone from losing 800,000 jobs a month to adding 4.5 million private sector jobs over the last 29 months. [ applause ] the american dream is about freedom. jobs mean freedom for workers to support their families. working with president obama, democrats passed the lily led better fair pay act to strengthen rights of women in the workplace. we repealed don't ask, don't tell so our troops can serve the country they love, regardless of whom they love. we made college more affordable. house democrats passed the dream act but senate republicans blocked it. [boos] with president obama, democrats enacted the toughest consumer safeguards in history, to protect main street from reckless
. and a conservative america. there is the united states of america. >> obama gave the speech, the keynote, 2004, four years later, he's president. does this lie ahead for julian castro? >> he lived in illinois. i live in texas. it's one of the reddest states in the whole nation. >> reporter: there are ghosts in this convention center for anyone delivering the keynote. ghosts of surgery,ful and unsuccessful keynotes gone by. >> my fellow democrats. >> reporter: in 1988, the keynote by bill clinton at the dnc was widely jeered and almost derailed his career. and yet, four years later, clinton was elected president. but there are plenty of speakers no one remembers. julian castro feels the pressure. why did obama pick you? >> i think that he and i see eye to eye on a lot of issues. i also think it's another signifier of the significance of h himself pan hispanics. >> reporter: his mother immigrated to the country, his brother joaquin is now running for congress. he's expected to win. tonight, he introduced julian. >> ours is a nation like no other. a place where great journeys can be made in a single ge
judiciary led the way to social equality, racial equality in the united states. and it was not just the appointments of earl warren and oral brennan to the supreme court, but the host of liberal republicans such as the president appointed himself like albert title of georgia and john of louisiana. these were the judges that were in the vanguard of the civil rights struggle. but the most significant judicial appointment i think that eisenhower made at that time is that of john marshall hall of the great conservative justice and just after the landmark decision in brown v board of education. shortly after that decision came down, justice robert jackson died leaving the vacancy on the court, and at that point roosevelt turned to the grandson of the great marshall harlem who would be the only dissenter in percy versus ferguson and 1896, the case legalized segregation by appointing the great dissenter eisenhower was making a statement he could not have adored. he said eisenhower was going to enforce it. when the segregation attempted to swap the integration in little rock eisenhower sent
more money for foreclosured homes than virtually any city in the united states of america. we were able to get a $546 million loan. this was this president and, again with the majority, the democratic majority, and then we got bipartisan support for america fast forward which i've talked to you about in the past, the surface transportation bill. all of this happened because we had a very sympathetic president, and democrats who understood that cities are the life blood of the nation. 89% of the g.d.p. is generated in our cities. if you took just the top three cities, we have an economy the size of france. if you took the top 10 cities, we'd be a $5 trillion economy. my metropolitan area has an economy larger than 42 state. that's also true for new york and chicago. >> ifill: and yet, mayors, one of the interesting thing when we were in tampa last week, one of the big applause lines was the idea that the federal government is running our lives, and mayors, many of them democrats, don't mind it, and that republicans do. >> i received-- we're going to jump all over this. i received a littl
. >> does it surprise you that the united states doesn't take any other actions other than what they call nonlethal support? do it surprise you they don't want to arm the rebels, for instance or talk about a no-fly zone or buffer zone or safe zones? >> translator: right now there are certain things being expected from the united states. the united states had not yet catered to those expectations. maybe it's because of the elections, maybe it's because of the pre-election situation in the states. nobody has spoken to us about their reasons and they are not obliged to state anything. we're very thankful and pleased they have stated they are against this regime. >> it's good to see you. hearing what he said, can you give me a broader context of what he was explaining? >> reporter: i think he's very frustrated. he's a good friend of united states and a good friend to the obama administration. he didn't want to come out and directly sledge hammer the obama administration but he did say he is frustrated. perhaps the elections are playing part in the fact that the united states is not leading in
old gymnast led the pledge of allegiance. >> i pledge allegiance, to the flag of the united states of america, and to the republic for which it stands, one nation, under god, indivisible, with liberty and justice for all. ( cheers and applause ) >> thank you! >> ifill: that was followed by saxophonist branford marsalis performing the national anthem. ray suarez is on the floor now among the delegates, where he's been each night this week. >> suarez: you know, gwen, one of the biggest events of this week is something that isn'tingt going to happen, the long-expected and long-planned-for stadium welcome for president obama tomorrow night where he would give his acceptance speech. because of threatening skies, that has been canceled and moved indoors to the arena where the rest of the convention has been held. well, it means some inconvenience for the people who were set to appear there. it means some inconvenience for the people who were staging the event, but the real problem is with the tens of thousands of people who gave tens of thousands of volunteer hours in order to qualify fo
barack obama president of the united states of america. >> this is america's choice. >>> we'd like to welcome our viewers in the united states and around the world to this, the democratic national convention in charlotte, north carolina. everyone here is waiting to hear what bill clinton will say about president obama tonight as well as his own time in the white house. but another speech tonight could make or break the democrats' hope for keeping control of the united states senate. elizabeth warren is challenging republican senator scott brown in massachusetts. coming up in this hour, we'll hear praise of bill clinton from someone you might not expect. >> coming from the republicans, vice presidential candidate paul ryan sat down with cnn's piers morgan to compare the clinton and obama presidencies. the two presidents have not always been close, obviously. our chief national correspondent john king covered the clinton white house for us. >> these two presidents, the former president and president obama are more than at peace now. you may say both men share a little bit of numbers
amongst cows born in the past ten years in the united states and tests show there is little possibility of pathogens forming in cows aged 30 months or younger. it has fallen to tenth place in the world's competitive economies. that's down one notch. the new ranking does reflect concerns over the country's massive debt as well as the sluggish economy. the world economic forum announced its annual ranking. the swiss based organization hosted the yearly davos conference where the world's political and economic leaders gather. the organization ranks the world's economies based on a survey of various factors, including business activity, education, medical services and also the labor market. it surveyed 144 countries and regions this year. now the forum did have praise for japan for its innovative technology, but japan lost points for the size of its national debt. it is about twice the size of the country's gross domestic product. switzerland held onto the top, singapore was second, finland climbed one notch to third place. the united states down two notches to seventh place. that's because
barak obama, president of the united states. democrats believe in reigniting the american dream by removing barriers to success and building ladders of opportunity for all. so that everyone can succeed. jobs are central to the american dream. and president obama has focused on jobs from day one. under president obama we've gone from losing 800,000 jobs a month to adding 4.5 million private sector jobs over the last 29 months. the american dream is about freedom. jobs means freedom. for workers to support their families. working with president obama, democrats passed a lilly better pay fair act to strengthen women's rights in the workplace. we repealed don't ask don't tell so our troops can serve the country they love regardless of whom they love. we made college more affordable. house democrats passed the dream act. but senate republicans blocked it. with president obama, democrats enacted the toughest consumer safeguards in history. to protect main street from wrecklessness of some on wall street. democrats passed healthcare reform to allow americans the freedom to pursue their
. for nine years, i was an assistant night -- an assistant united states attorney assigned to the organized crime unit. i'm on this commission because i love this city and i take our police department is a special part of the city. without further ado, i would like you to call line-item number-one. >> the chief's report -- a review of recent activities with chief gregory, sir. >> >> these chairs are hard to get out of. i apologize for having my back to the commission. it's always fun for me to come back to the central district. i came in about 31 years ago. my first time was in october, i had a some of my best times as a police officer we are a little bigger and a little bolder but we love our time in the central. recent reports in san francisco -- property crime is up a bit, but not a lot. violent crime continues to be down in san francisco, although homicides are up. that is attributable to a spike in gun violence in and of the homicides that occurred back in march, where five people were killed in a single residence, otherwise it, gun violence is down by about 5% and violent crime is dow
flag of the united states of america and to the republic for which it stands on one nation, under god, indivisible with liberty and justice for all. >> i would like to call roll- call. [roll call] >> thank you very much. ladies and gentlemen, it will come to the august 29 at san francisco police commission meeting. this is our monthly meeting we held the last wednesday of the month in that community. we rotate these meetings through various district stations and tonight is the turn of captain tom in central station. i would like to welcome you. as the commissioner, this is one of the best parts of being on the commission, going out to the community once a month and the meeting at different communities and hearing from you what your concerns are. i see we are setting up with the interpreters, maybe i should slow down a bit. let me know when you are ready. what we usually do at the meeting is have the commissioners introduce themselves and tell us what they do during that day job. the police commission job is allegedly a part-time job, but it is far from a part-time job, but it is a
. would hillary clinton need to talk about gender issue is running for president of the united states? >> she would. >> i think barack obama will talk about his record for all americans. the enthusiasm is not apparent among african-american voters. they will be out in full force. the enthusiasm gap is more to the extent among young people and on married voters. --unmarried voters. i think you'll talk about an agenda to get the entire country moving again and make sure every citizen in the country has a great opportunity and every family can get into the middle class and that will be a stark contrast to the republicans about president obama does not need a speech writing tips from may. ultimately, his message is that we are all in this together. one way to do that is that he will say we are all in this together and that has always been his message. >> we have time for one more question. >> chuck herz, state chair in wyoming or the electorate is largely white, multi generation american, blue-collar, green color, religious -- we have not done well with the electorate for a long time. the
to social equality, racial equality in the united states. and it was not just the appointments of earl warren and william brennan to supreme court. it was a host of liberal republicans that roosevelt appointed himself. men like elbert tuttle of georgia and john wants in a louisiana. these were the judges that were in the vanguard of the civil rights struggle. but the most significant judicial appointment, i think, that eisenhower made at the time, was that of john marshall harlan, great conservative justice, just after the court's landmark decision in brown versus board of education. certainly after that decision came down, justice robert jackson died, leaving a vacancy on the court. at that point, roosevelt turned to harlem, who is the grandson of the great john marshall harlan, who had been the only dissenter in 1896, a place that utilized segregation, by pointing harlem, the main gate of the great dissenter, eisenhower was making a statement of the south could not ignore. desegregation was the law of the land and eisenhower was going to enforce it. when a mob attempted to block it,
antonio texas, hoolian julit trocastroand michelle obama, tht lady of the united states. >> woodruff: mark shields and draifd brooks were with us last weak in tampa and they are here with us in charlotte. what does this line up tonight say to you what the democrats, what barack obama wants to accomplish. >> michelle obama isç obviously the mostç interesting one. just as romney needed to be, still president obama needs to be humanized a little. he's a bit ensue her. motivation behind healthcare and the turmoil to do a lot of things; even though the overall rates is high and has been phenomenally favorable, the favorable or unfavorable rated has shifted quite significantly. an abc pofl has obama's unfavorability among women going up by 11 poifnts while romney's favorability was going up by seven. it shifted in a republican direction even if the overall number is not. >> ifill: which are the faces we're going to see on the stain tonight. >> that's right gwen. michelle obama is most important. the two most popular figures in the democratic party are michelle obama and bill clinton.
in the pledge of allegiance. [cheering and applause] >> i pledge allegiance to the flag of the united states of america and to the republic for which it stands one nation, under god, indivisible with liberty and justice for all. [cheering and applause] >> ladies and gentlemen, please remain standing for the national anthem performed by branford marsalis. ♪ ♪ ♪ um ♪ ♪ ♪ ♪ [applause] [chanting "usa, usa, usa"] >> present arms. order arms. right face. foreword march. [applause] >> ladies and gentlemen, please welcome congressman luis gutierrez of illinois. >> thank you. tonight i want to celebrate a fundamental reason we are democrats. we believe that america is never greater than when we protect the rights we have one and strive to make real the call her hip of our founders to create a more perfect union. we are never more american than when we demand all people are treated with dignity and respect. and we are never more patriotic than when we see a group of people being cast aside and say stop. in america, we do not tolerate anyone being treated unfairly. there truly american wh
not to sell your shares from least one year. new report says the united states is losing its competitive edge according to a new study the misstates ranks seventh with the fourth consecutive drop for america. with more on how they can regain its competitive edge we have author of the book the true gold standard. when the issue is complex we turned to mr. levin. how best do we judge we are better off a four years ago? not just our wallets and incumbent go deeper. what do see for the future? back competitiveness. the world economic forum study resonate with you? number one. the educational system math math, science, computer sciences at ranked 24th proposal or high-school list and colleges even like m.i.t. among others are not training the kids in math, science, computer science. even the old economy is being completely renovated. lou: rear watching clumsiness to deal with the answer to that question. >> we are not better off despite what obama is saying. the unemployment rate was 7.8% and today is 8.3%. the average income was around $50,000. today with real income is about 45,000. 10 percent d
development authority and the united states navy to extend the term. number 8, resolution approving the thirsty seventh amendment to the treasure island land and have you beening khur master lease between the treasure island development authority and the structure master lease between the treasure island development authority and the united states navy to extend the term. item number 9, resolution approving the sixteenth amendment to the treasure island marina master lease between treasure island development authority and the united states navy to extend the term. number 10, resolution approving the eighth amendment to the treasure island child care master lease between the treasure island development authority and the united states navy extending 2 term, and item number 11 and 12. >> i -- >> thank you, madam chair, members of the committee. >> just one moment, supervisor kim? >> i realize that when is before us today is several master lease amendments along with the cooperative agreement modification, but i think given the media attention currently and of course the e-mails that we
the united states of america doesn't mean the rest of us are willing to sell her out. ( cheering ) we are americans. we must act like americans. we must move forward, not back. is my parents, tom and barbara o'malley, like so many of yours, were part of that great generation that won the second world war. dad flew 33 missions over japan. in a b-24 liberator. he was able to go to college only because of the g.i. bill. our parents taught us to love god, love our family, and love our country. their own grandparents were immigrants. their first language may not have been english, but the hopes and dreams they had for their children were purely american. you see, there is a powerful truth at the heart of the american dream. the stronger we make our country, the more she gives back to us, to our children, and our grandchildren. our parents and grandparents understood this truth deeply. they believed as we cothat to create jobs, a modern economy requires modern investments, educating, innovating and rebuilding for our children's future, building an economy that lasts from the middle class up
,000 people and the president of the united states who want that speech to go off with sunny skies at that hour of the day, star-filled skies at any rate. in the next hour we'll be joined by two very important leaders in the united states congress, congressman elijah cummings and congressman chris van hollen both from the state of maryland. right now we joined by key delegate congress woman degette. good to have you with us. >> it's great being here. >> bill: your presence and your colleagues next hour reminds us that a lot of what the president wants to accomplish cannot be accomplished unless he has a democratic congress. >> that's right. a lot of the accomplishments we were talking about yesterday were achieved when it was democratic congress. after that it was the party of no. the republicans wouldn't even honor the [ inaudible ] of the united states. so a lot of us are saying, if you like what you're hearing, if you really think we need to move this country forward, then you need to elect 25 more democrats to the house, so we can keep the majority back and we
way, the good people of san antonio willing, to the united states congress! (cheers and applause) my family story isn't special. what's special is the america that makes our story possible. ours is a nation like no other, a place where great journeys can be made in a single generation no matter who you are or where you come from, the path is always forward. (cheers and applause) america didn't become the land of opportunity by accident. my grandmother's generation and generations before always saw beyond the horizons of their own lives and their own circumstances. they believed that opportunity created today would lead to prosperity tomorrow. that's the country they envisioned and that's the country they helped build. the roads and bridges they built, the schools and universities they created, the rights they fought for and won. these opened the doors to a decent job, a secure retirement, the chance for your children to do better than you did. and that's the middle class, the engine of our economic growth. with hard work, everybody ought to be able to get there. and with hard work, e
their own pink sign at the arizona mexico border saying welcome all illegals to your united states. our home is your home megyn: little before 4:00 p.m. yesterday afternoon from the united states marked an unfortunate milestone. the national debt past $16 trillion. if you just sit and watch the number, it's really kind of disturbing. just watch it. we were talking about this yesterday. it didn't get a lot of attention, not on the media headlines for charlotte, north carolina. stuart varney is with us now. >> to ignore this is to ignore a real danger to the country. our debt is now bigger than our economy. our debt is now greater than all of yours that combine. we have interest that we have to pay of $10 billion every single week for ever on that. worse yet, this debt is accumulating much faster than they used to because our economy is now slowing. as our economy slows more, so the deficit grows faster. not a good position to be in. megyn: when you talk about $136,000 per family, i mean, that is if they win today, this afternoon and collected from all this. when you watch how quickly the numb
that i will support and defend the constitution of the united states and the constitution of the state of california, against all enemies, foreign and domestic, that i will bear true faith and allegiance to the constitution of the united states and the constitution of the state of california, that i take this obligation freely, without any mental reservation or purpose of evasion, and then i will well and faithfully discharge the duties upon which i am about to enter during such time as i hold the office of a member of the city college board of trustees for the city and county of san francisco. congratulations. [applause] ladies and gentlemen, if i could present to you, rodrigo santos, the newest member of our board of trustees. [applause] >> i am honored for this great appointment. as a new member of the board of trustees, i can tell you i will do everything in my power to ensure not only do we follow the great work of former trustee milton marks. that great legacy of public service. but at the same time, i join an institution that must be saved, an institution that must be preserved.
, the united states is for a two-state solution. the united states wants to see the israelis and palestinians come together. this is what this president wants to do. we have the strongest platform -- you heard today, all of the accolades to the president for his stance with israel. he is the most pro-israel president we have ever had-- >>> bemplg min netanyahu would not say the same. >> all right, buddy. >> sean: thank you. >> sean: one of the few democrat who is will talk to me. so i had to be very nice to you. first lady mishally obama -- michelle obama is coming up. we will check in with former "west wing" actor. is hollywood abandoning obama? that's coming up from the democratic national convention in charlotte. it's "hannity." whoa. right? get. out. exactly! really?! [ mom ] what? shut the front door. right? woop-woop! franklin delano! [ male announcer ] there's oreo creme under that fudge! oreo fudge cremes. now in two new flavors. throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support
. governor romney, just because you bank against the united states of america doesn't mean the rest of us are willing to sell her out. >> reporter: the governor did not touch on any controversial issues voters in our state will face this november. the first three questions have to do with identification said for judges -- qualifications for judges. and then support for the children of undocumented immigrants in maryland. six is the same sex marriage issue. do you believe they should be able to get married in maryland and the final question, number 7, its about the expansion of gambling, adding table games and adding a sixth location in prince george county. that is the matter he wants to get behind him. even as he looks forward to the 2012 election and perhaps 2016. >> be reelecting barack obama, president of the united states. god bless you all. >> tonight, politico is reporting that governor martin o'malley will -- >> all right. itsit's come down to this. you can literally carry an emergency room on your iphone. >> an app a day could you out of a sick day. >> you want to make sure to do
us and are related to the african-american experience, here in the united states. i had heard of marcus shelby and had been in join his work but never had the opportunity to meet him. we were brought together by the equal justice society specifically for this project. we were charged with beginning work. marquez and i spent a lot of time addressing our own position on the death penalty, our experiences with people who had been incarcerated, family members, friends of friends. pulling our information. beyond that, we did our own research. to create a picture that resonated with humanity. it is the shape of a house. in this context, it is also small and acts like a cell. i thought that was an interesting play on how these people make these adjustments, half to create home. what is home for these people? the home is their cell. people talk a lot about noise -- very noisy in prisons. that is interesting to me. looking at the communication level, the rise of frustration of being caged, wondering, where does redemption fit into the equation here? [singing] i think both of us really
the whole united states and in front of the company could tell, i was listening to him speak about san francisco. he said, "i traveled to every city in the united states, and i was disappointed with what i saw. there was not one city that i liked, but as far as i'm concerned, san francisco is so beautiful that i would like to design 15 cities in russia that look like san francisco." [laughter] and he was right. [applause] my wonderful wife, my family is here. i'm thrilled. thank you very much. i must say -- excuse me, i have to mention one thing. i have never seen anything in my life as beautiful as these young people. [applause] you stand so beautiful. [applause] -- you sang so beautiful. [applause] >> it is tony bennett day in san francisco. [applause] just fantastic. now, before we leave here today, just one more time, let's hear that special song one more time, now performed by the talented san francisco gay men's chorus, who will be joined by -- yes -- who will be joined by all of our performers here today and then all of you. you can sing along by following the lyrics on the scre
with the united states? >> the u.s. was #15 years ago and has been falling little by little in the rankings. -- was number one about five years ago. it continues to be the world's innovation are house and we don't see that changing any time in the near future. on the other hand, there are burgeoning weaknesses we have seen growing over time, in particular the well talked about macroeconomics imbalances which our government spending that has gotten out of hand, financial market concerns, and what has happened is this has all built up to make really? the business community very concerned about the ability of politicians to do the right thing for the country going forward. >> and switzerland also makes great chocolates. that's got to help. >> thanks very much. the world's richest woman has made a rare public appearance to take a swipe at her own country, accusing australia of being too expensive for business to operate. a mining magnate who earns about $2 billion an hour said that australia should look to africa where they pay people to dollars a day. duncan kennedy has this report. >> good ev
of the united states of america and to the republic for which it stands, one nation under god indivisible with liberty and justice for all. [ cheers and applause ] thank you. >> announcer: ladies and gentlemen, please remain standing for the national anthem performed by branford marsales. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ applause ] >> forward march. color guard halt. >> all right. so day two of this democratic national convention has just reconvened with a rather dramatic development. you heard the chairman, the mayor of los angeles, announce a change, two changes from yesterday's approved democratic plat platform. he asked for a voice vote and it was ambiguous to put it mildly. time warner cable arena is pretty much empty right now. we're going to discuss what's going on because there are serious political am ramificati of what we just heard. our coverage day two of the democratic national convention will resume after this. introduc. [ snoring ] [ snoring ] [ male announcer ] it's not for colds, it's not for pain, it's just for sleep. [ snoring ] [ male announcer ] because sleep
is long. is the word of the united states respected anymore on the global basis? >>> a new survey shows u.s. global competitiveness has fallen again. what do you blame? vote on that at finance.yahoo.com and we'll talk about that coming up. at usaa, we believe honor is not exclusive to the military, and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. with our award winning apps that allow you to transfer funds, pay bills or manage your finances anywhere, anytime. so that wherever your duty takes you, usaa bank goes with you. visit us online to learn what makes our bank so different. i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ >>> welcome back. we're
in the united states and around the world. there was a recent study out quickly on this by the clearing house association. the first time i have seen this people because talk about the economies that takes the top 26 banks in the united states, and basically says that after a lot of study and research they did, it benefits $50 to $100 billion a year because of these efficiencies. it was natural for it all to happen. second from a public policy perspective, we have to remember that we as a country are trying to compete in a localizing world. we have the best banks in the world. they have certainly had a impact on creating large businesses. why would you want to break all of that up, it makes no sense from a public policy perspective. >> it's important that you bring up the global story. they're obviously not going to compete with the international banks and deutsch banks who will be the large institutions. but let me get your take on what's going on in terms of the masses. time and time again we hear an argument that depositors do not want their money used to take risk. you said they're not to
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